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We summarise the IASB’s latest discussions on its project on financial instruments with characteristics of equity.

Further progress has been made in exploring presentation and disclosure requirements.

The discussions continue…

At its September meeting, the Board continued its discussions on financial instruments with characteristics of equity (the ‘FICE project’), having previously considered how to apply the Gamma approach1 to: the classification of derivatives on own equity, asset/equity exchange derivatives and liability/equity exchange derivatives.

The Board focused its discussion on:

the presentation of specific types of derivatives classified as liabilities; and

how disclosures could complement approaches to classification and presentation

“The effort to supplement a binary classification approach with presentation and disclosure improvements is a welcome step in moving the FICE project forward.”